Monetary Policy Review December 2023

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Questions and Answers

What is the purpose of the Monetary and Credit Information Review (MCIR)?

  • To disseminate information about new developments and policy initiatives by the Reserve Bank of India (correct)
  • To regulate the payment and settlement systems
  • To provide updates on global economic trends
  • To educate the general public about monetary policy

Where can the MCIR be accessed?

  • At any commercial bank in India
  • Only by attending official Reserve Bank conferences
  • Through a subscription-based service
  • By scanning the QR code or visiting <a href="https://mcir.rbi.org.in">https://mcir.rbi.org.in</a> (correct)

What is the primary focus of Shri Shaktikanta Das' Monetary Policy Statement?

  • Addressing unexpected events during 2020-2023 (correct)
  • Introducing new monetary policies for the Indian economy
  • Staying in touch with worldwide financial institutions
  • Analysis of global economic volatility

What does the Editor aim to achieve through the MCIR communication tool?

<p>Sharing accurate and consistent information, and educating the audience (A)</p> Signup and view all the answers

In which section of the MCIR would one find information related to foreign exchange management?

<p>Section V: Foreign Exchange Management (D)</p> Signup and view all the answers

What is the main objective of the Monetary Policy Statement?

<p>To present the Reserve Bank's stance on monetary policy and its rationale (B)</p> Signup and view all the answers

What was the rationale behind the Monetary Policy Committee's decision to maintain the policy repo rate at 6.50 per cent?

<p>To align inflation with the target while supporting growth (A)</p> Signup and view all the answers

What is the projected CPI inflation for 2023-24 according to the text?

<p>5.4% (B)</p> Signup and view all the answers

What was the reason for the overall tightening of liquidity conditions of the Bank?

<p>Higher currency leakage (C)</p> Signup and view all the answers

What did the Governor emphasize when speaking about prioritizing inflation over growth?

<p>The importance of monitoring food inflation closely (A)</p> Signup and view all the answers

What was the reason for maintaining interest rates amidst uncertainties according to the text?

<p>Global challenges (C)</p> Signup and view all the answers

What contributed to the overall tightening of liquidity conditions of the Bank according to the text?

<p>Higher currency leakage (C)</p> Signup and view all the answers

What caused uncertainties in food prices according to the text?

<p>Late harvest of kharif crops (A)</p> Signup and view all the answers

What contributed to the risks to global growth and inflation outlook according to the text?

<p>&quot;World trade decelerating amidst global tide of protectionism&quot; (C)</p> Signup and view all the answers

What did the Governor remark as important?

<p>&quot;Monitoring the trajectory of food inflation closely&quot; (A)</p> Signup and view all the answers

"Major central banks were maintaining interest rates amidst uncertainties." What was one of the reasons for this action according to the text?

<p>&quot;World trade decelerating amidst global tide of protectionism&quot; (C)</p> Signup and view all the answers

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